State of New Jersey Common Pension Fund D trimmed its position in The Walt Disney Company (NYSE:DIS – Free Report) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,077,015 shares of the entertainment giant’s stock after selling 2,887 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Walt Disney were worth $96,156,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Dark Forest Capital Management LP purchased a new position in Walt Disney during the 1st quarter valued at $28,000. Worth Asset Management LLC purchased a new stake in shares of Walt Disney in the 1st quarter worth about $29,000. MBM Wealth Consultants LLC grew its position in shares of Walt Disney by 197.6% in the 4th quarter. MBM Wealth Consultants LLC now owns 366 shares of the entertainment giant’s stock worth $33,000 after buying an additional 243 shares during the period. Fortis Capital Advisors LLC purchased a new stake in shares of Walt Disney in the 4th quarter worth about $39,000. Finally, Bell Investment Advisors Inc grew its position in shares of Walt Disney by 40.3% in the 1st quarter. Bell Investment Advisors Inc now owns 442 shares of the entertainment giant’s stock worth $44,000 after buying an additional 127 shares during the period. 61.17% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Walt Disney
In other news, EVP Sonia L. Coleman sold 959 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $89.05, for a total value of $85,398.95. Following the transaction, the executive vice president now owns 961 shares in the company, valued at approximately $85,577.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.10% of the company’s stock.
Walt Disney Price Performance
DIS opened at $82.65 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.00 and a current ratio of 1.07. The stock has a market capitalization of $151.23 billion, a P/E ratio of 67.20, a P/E/G ratio of 1.25 and a beta of 1.27. The company’s 50-day simple moving average is $83.34 and its two-hundred day simple moving average is $89.21. The Walt Disney Company has a 52-week low of $78.73 and a 52-week high of $118.18.
Walt Disney (NYSE:DIS – Get Free Report) last posted its earnings results on Wednesday, August 9th. The entertainment giant reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.04. The business had revenue of $22.33 billion for the quarter, compared to analysts’ expectations of $22.50 billion. Walt Disney had a net margin of 2.56% and a return on equity of 6.45%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.09 EPS. As a group, analysts predict that The Walt Disney Company will post 3.66 EPS for the current year.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Walt Disney from $146.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 5th. Citigroup reduced their target price on shares of Walt Disney from $125.00 to $120.00 and set a “buy” rating on the stock in a research report on Wednesday, August 16th. UBS Group reduced their target price on shares of Walt Disney from $122.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, October 16th. Truist Financial reaffirmed a “buy” rating and issued a $105.00 target price on shares of Walt Disney in a research report on Tuesday, September 19th. Finally, Evercore ISI reduced their target price on shares of Walt Disney from $130.00 to $110.00 and set an “outperform” rating on the stock in a research report on Monday, July 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $111.40.
Check Out Our Latest Research Report on Walt Disney
Walt Disney Company Profile
The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces films under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.
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